Waste Management, Inc. (NYSE:WM) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 968,398 shares of the business services provider's stock after acquiring an additional 14,835 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Waste Management worth $201,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management during the 2nd quarter worth $31,000. Fairway Wealth LLC boosted its stake in shares of Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock worth $36,000 after buying an additional 66 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Waste Management during the second quarter worth about $36,000. Fairscale Capital LLC purchased a new stake in Waste Management during the 2nd quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC lifted its position in Waste Management by 67.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider's stock worth $42,000 after acquiring an additional 80 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WM. Morgan Stanley lifted their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Argus boosted their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Robert W. Baird lowered their price objective on Waste Management from $226.00 to $216.00 and set a "neutral" rating on the stock in a report on Friday, July 26th. Scotiabank initiated coverage on Waste Management in a research note on Friday, October 4th. They issued a "sector perform" rating and a $220.00 price target on the stock. Finally, UBS Group boosted their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $226.11.

Waste Management Trading Up 0.4 %

Shares of NYSE:WM traded up $0.89 during trading on Wednesday, reaching $225.67. The stock had a trading volume of 1,087,023 shares, compared to its average volume of 1,618,326. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market cap of $90.58 billion, a P/E ratio of 34.51, a PEG ratio of 2.37 and a beta of 0.74. The business has a fifty day moving average price of $210.75 and a 200-day moving average price of $209.43. Waste Management, Inc. has a fifty-two week low of $168.73 and a fifty-two week high of $226.84.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 EPS. As a group, analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. Waste Management's payout ratio is currently 45.87%.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.